The commodities sector has reverted to a small gain during the first two weeks of trading with strong gains in energy, and to a lesser extent softs and precious metals being offset by losses across industrial metals and the grains sector. The focus in the market remains firmly on the macroeconomic landscape where concerns about an economic slowdown, not least in China, the world’s top consumer of raw materials, are being offset by expectations that the People’s Bank of China (PBoC) may lower rates soon. In addition, several major central banks – led by the Federal Reserve – remain on track to embark on an aggressive ... (full story)